Power Finance Corporation Limited (PFC.BO)
| Previous close | 395.45 |
| Open | 391.10 |
| Bid | 398.70 x 0 |
| Ask | 398.80 x 0 |
| Day's range | 385.10 - 400.15 |
| 52-week range | 124.60 - 477.80 |
| Volume | |
| Avg. volume | 642,907 |
| Market cap | 1.315T |
| Beta (5Y monthly) | 0.84 |
| PE ratio (TTM) | 6.99 |
| EPS (TTM) | 57.02 |
| Earnings date | 25 May 2024 - 29 May 2024 |
| Forward dividend & yield | 14.60 (3.69%) |
| Ex-dividend date | 22 Mar 2024 |
| 1y target est | N/A |
ReutersExclusive-Indian firms look to bet big on coal-fired power after long absence
Private Indian firms have expressed interest in building at least 10 gigawatts (GW) of coal-fired power capacity over a decade, four sources familiar with the matter said, ending a six-year drought in significant private involvement in the sector. Adani Power, JSW Group and Essar Power are among the companies that have told India's power ministry they would be keen to expand old plants or develop stalled projects facing financial stress, according to the sources and a government presentation seen by Reuters. Prime Minister Narendra Modi's government, which has cited energy security concerns and low per-capita emissions to defend India's coal dependence, has been trying to attract private investment to boost its coal-fired capacity by 80 GW by 2032.
ReutersIndia's Jindal Power proposes to top Adani's bid for coal-power plant -sources
Jindal Power has proposed to top a bid by Adani Power, led by billionaire Gautam Adani, for a thermal power plant, two sources with direct knowledge of the matter said, as India looks to drum up investment in coal-fired power. The tussle for the 1,980-megawatt plant in central India, ensnared in insolvency proceedings, comes after the power minister called last November for more private investment to meet a dramatic rise in electricity demand. In a letter, Jindal Power, a unit of Jindal Steel and Power, has asked India's insolvency court to allow it to participate in an auction for the Amarkantak project, said the sources, who sought anonymity as they were not authorised to talk to media.
ReutersIndia wants private money for coal-fired plants despite Western opposition
India on Tuesday asked private firms to ramp up investments in new coal-fired power plants to meet a dramatic rise in electricity demand and bridge nearly 30-gigawatts of additional requirement by 2030, despite international pressure to stop building such facilities. India's power and renewable energy minister R K Singh in New Delhi asked private companies to invest in coal projects and "not miss the growth opportunity," according to three sources present in the meeting. The Indian government meeting with private investors comes weeks before the U.N. climate conference, at which France, backed by the United States, plans to seek a halt to private financing for coal-based power plants, according to a Reuters report.
